Energy costs in Japan are reaching a critical point. The economy is growing too slowly to offset the burden of increased commodity energy imports. Renewables will add further costs. Bringing the countrys nuclear capacity back on-line appears to be the only option, but the process is proving slow. As it progresses, Japanese oil imports will fall, but LNG and coal usage in fiscal 2014 are still expected to reach historic highs. Ross McCracken looks at the issue in this months entry to The Barrel from Platts Energy Economist. plts.co/1aX3SoL
Posted on: Sun, 26 Jan 2014 08:50:10 +0000